Analyst Research Report Snapshot

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Summary:

While the ongoing weakness of the US$ continues to apply pressure on margins, ACM is still securing underlying growth in a flat market place. The combination of a strongly cash generative business and a rising quality of earnings fully justifies the current rating of the shares. We expect these factors to underline a solid result when the interims are announced in mid-December. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 7190 1755 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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